Jyothy Institute, LEO1 to Boost Student Financial Inclusion
LEO1, India’s pioneering edu fintech company, has expanded its national footprint with strategic partnerships at Bharati Vidyapeeth Navi Mumbai, DY Patil University Pune, Rathinam Technical Campus Chennai and Jyothy Institute of Commerce and Management Bangalore. These new collaborations bring over four lakh students into the LEO1 ecosystem, taking its total reach to more than two million learners across 50 plus institutions.
The platform is currently managing fee transactions of over Rs.100 crore annually and has registered a 400 percent year on year growth, making it one of the fastest scaling education finance companies in India.
The expansion underscores LEO1’s mission to transform how students, parents and institutions manage education related expenses. Through the LEO1 Fee Reimbursement Card, families are rewarded with LEO1 Coins (one coin equals one rupee) for timely fee payments. These coins can be redeemed across more than 400 partner brands including Zomato, Uber, Starbucks, Myntra and PVR. The card also functions as a debit card, enabling students to make everyday transactions while converting routine spending into meaningful savings.
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In addition, institutions benefit from LEO1’s plug and play fee management platform which streamlines fee collection, ensures real time tracking and strengthens cash flow management. The system reduces administrative effort, enhances transparency and frees institutions to focus on academic growth and student outcomes.
Rohit Gajbhiye, Managing Director and Founder of LEO1, says “With more than 50 lakh LEO1 Coins redeemed in 2024 and already 80 lakh in the first half of 2025, families are experiencing tangible benefits, students are building financial discipline, and institutions are achieving timely fee collections with confidence”.
We are committed to pushing the boundaries of education finance and ensuring that every student, regardless of background, has access to an ecosystem that supports their learning journey with confidence and opportunity.
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Rajesh K, Executive Director, Jyothy Institute of Commerce and Management, says "At Jyothy Institute of Commerce and Management, we see this collaboration as a way to ease financial stress for students and families while strengthening administrative processes. It is a step towards more inclusive and efficient education finance"
Beyond fee payments, LEO1’s Smart ID Card ecosystem brings premium banking features, EMI based fee financing, investment opportunities, insurance, telemedicine consultations and lifestyle rewards. Staff and alumni communities also benefit from higher interest salary accounts, access to loans and exclusive discounts, strengthening long term bonds with their institutions.
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Since its establishment in 2018, LEO1 has partnered with more than 50 leading institutions and has directly benefited over 2 million students. Recognized as a finalist for the Most Innovative Fintech Start up of the Year 2024 at the IFTA Awards, LEO1 continues to build momentum as a trusted partner for institutions seeking to create a cashless and digitally empowered education ecosystem.